Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Retained earnings is the accumulated portion of net income that is not distributed to shareholders. PZ Cussons Nigeria's retained earnings for the quarter that ended in Feb. 2026 was ₦-1,448 Mil.
PZ Cussons Nigeria's quarterly retained earnings
increased
from Aug. 2025 (₦-25,723 Mil) to Nov. 2025 (₦-18,253 Mil) and
increased
from Nov. 2025 (₦-18,253 Mil) to Feb. 2026 (₦-1,448 Mil).
PZ Cussons Nigeria's annual retained earnings
declined
from May. 2023 (₦34,466 Mil) to May. 2024 (₦-48,079 Mil) but then
increased
from May. 2024 (₦-48,079 Mil) to May. 2025 (₦-38,773 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
PZ Cussons Nigeria Retained Earnings Historical Data
* Premium members only.
The historical data trend for PZ Cussons Nigeria's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of ₦-1,448 Mil mean?
PZ Cussons Nigeria (NSA:PZ) has a Retained Earnings of ₦-1,448 Mil as of Feb. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on PZ Cussons Nigeria and its competitors.
Is PZ Cussons Nigeria's Retained Earnings too high?
PZ Cussons Nigeria's current Retained Earnings is ₦-1,448 Mil. Overall, PZ Cussons Nigeria has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PZ Cussons Nigeria's Retained Earnings compare to PG and CL?
PZ Cussons Nigeria's Retained Earnings of ₦-1,448 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Consumer Packaged Goods company?
A good Retained Earnings depends on the Consumer Packaged Goods industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on PZ Cussons Nigeria and its competitors. PZ Cussons Nigeria's current Retained Earnings is ₦-1,448 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PZ Cussons Nigeria stock overvalued right now?
Based on GuruFocus' analysis, PZ Cussons Nigeria (NSA:PZ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦52.64, compared to a current price of ₦80.95 — trading 53.8% above its estimated fair value. The current Retained Earnings is ₦-1,448 Mil. PZ Cussons Nigeria's overall GF Score™ is 68/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For PZ Cussons Nigeria (NSA:PZ), the current Retained Earnings is ₦-1,448 Mil as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PZ Cussons Nigeria (NSA:PZ) Overvalued in 2026?
Based on GuruFocus' analysis, PZ Cussons Nigeria stock appears to be overvalued.
The current stock price of ₦80.95 is trading 53.8% above its estimated GF Value™ of ₦52.64.
GuruFocus considers PZ Cussons Nigeria to be Significantly Overvalued.
Key valuation signals for NSA:PZ:
Retained Earnings: ₦-1,448 Mil
GF Value™: ₦52.64 vs. price of ₦80.95 (53.8% above fair value)
No single metric tells the full story. See the NSA:PZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PZ Cussons Nigeria PLC manufactures, distributes and sells consumer products and home appliances. The company's operating segment includes Home and Personal Care Products and Durable Electrical Appliances. It generates maximum revenue from the Home and Personal Care Products segment. Home and Personal Care Products segment includes the production and sale of Morning Fresh, Zip, Canoe, Premier, Excel, Joy, Stella, Venus, Imperial Leather, Cussons Baby, Original Source, Carex, Robb, and others. The Durable Electrical Appliances segment includes the production and sale of Haier Thermocool Refrigerators, Freezers, Televisions, Generators, Air conditioners, Washing Machines and others. Geographically it derives revenue from Nigeria.
68GF Score
Get the complete analysis for NSA:PZ
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSA:PZ has been successfully added to your 
